Popular Articles

A brief introduction of taxes to be subsumed under GST

Shreya Dey 12 June 2017 at 11:15

With the introduction of GST from 1 July 2017, a lot of Indirect taxes are being subsumed under GST. Here we provide the list of those taxes.

Guidelines for issue of prosecution under service tax

CA RITUL PATWA 09 November 2015 at 11:42

The Central Board of Excise and Customs have vide Circular No. 1009/16/2015-ST Dated 23-10-2015 issued consolidated guidelines for launching of prosecution under the Central Excise Act, 1944 and the Finance Act, 1994 regarding Service Tax. The detail

Big relief for small traders - Boons from 32nd GST Council Meeting

babita agarwal 12 January 2019 at 11:48

The GST Council has made great efforts to win hearts of the small taxpayers in this 32nd meeting. This can be rightfully called as "Meeting for Small Taxpa

Practical issues in penalty u/s. 271D & 271E

NAVIN AGICHA 22 April 2015 at 10:38

Provisions Of 269SS, 269T, 271D AND 271E As Per Finance Bill 2014 And Finance Bill 2015 And Some Issues Regarding Penalty U/S 271D, 271E And Relating To Amendments. Consequences of contravention of section 269SS: Section 271D of Income Tax Act 1961 p

Reversal of ITC in case where Supplier has not remitted the tax

Affluence Advisory 24 August 2023 at 14:35

ITC reversal in the hands of recipient of goods or services in case of default made by supplier by not depositing the tax collected with the Government.

Import of Services under GST - Taxability and Exemption

CA Robin Garg 28 May 2020 at 10:01

Import of Services under GST - Taxability and Exemption

Downgrade...A Deeper Dark Days for US Economy

Indraneel Sen Gupta 11 August 2011 at 11:53

US economic politicians have simply downgraded the economic strength of US through the on going tussle over the debt ceiling limit hike. Negative sentiments have become the smell over the US FED and on the government hold treasury cakes. The US go

Simplicity & Common Sense can solve CAD problem, but..!

CA Anil Garg 24 July 2013 at 12:15

Rupee is falling. Growth rate is falling. Economy is nervous and it is complete U turn from a couple of years ago when President Obama visited India. This is when there is no change of guard at the helm. Then what has gone wrong? A peek little deepe

Processing of Income Tax Return by CPC Bangalore

CA Mehul Thakker 31 October 2020 at 10:46

Where a return has been filed u/s 139, or in response to a notice u/s 142(1), such return shall be processed by the CPC. The manner of such processing is discussed in this article.